International Petroleum (OSTO:IPCO) Interest Expense : kr-456 Mil (TTM As of Mar. 2024)

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What is International Petroleum Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. International Petroleum's interest expense for the three months ended in Mar. 2024 was kr -129 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was kr-456 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. International Petroleum's Operating Income for the three months ended in Mar. 2024 was kr 533 Mil. International Petroleum's Interest Expense for the three months ended in Mar. 2024 was kr -129 Mil. International Petroleum's Interest Coverage for the quarter that ended in Mar. 2024 was 4.12. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

International Petroleum Interest Expense Historical Data

The historical data trend for International Petroleum's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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International Petroleum Interest Expense Chart

International Petroleum Annual Data

Trend

Dec14

Dec15

Dec16

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Dec19

Dec20

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Dec22

Dec23

Interest Expense

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-265.73

-202.71

-221.38

-326.36

-400.49

International Petroleum Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-88.18	-96.16	-102.71	-127.51	-129.48

International Petroleum Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was kr-456 Mil.

International Petroleum (OSTO:IPCO) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

International Petroleum's Interest Expense for the three months ended in Mar. 2024 was kr-129 Mil. Its Operating Income for the three months ended in Mar. 2024 was kr533 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was kr4,566 Mil.

International Petroleum's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	533.423	/	-129.475
	=	4.12

The higher the ratio, the stronger the company's financial strength is.

International Petroleum (OSTO:IPCO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » International Petroleum Corp (OSTO:IPCO) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

IPCFF:USA IPCOs:UK 0V1L:UK IPT:Germany IPCO:Canada

Address

885 West Georgia Street, Suite 2000, Vancouver, BC, CAN, V6C 3E8

Website

https://www.international-petroleum.com

International Petroleum Corp is an international oil and gas exploration and production company. It is engaged in the exploration, development, and production of oil and gas. Geographically, the company holds a portfolio of oil and gas production assets and development projects in Canada, Malaysia, and France. It is based in Canada and derives revenue from the sales of gas, crude oil, and natural gas liquids, of which key revenue is derived from the sales of crude oil.

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